EXELIXIS INC
For the period ended Jan 3, 2025. Filed Feb 11, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 11, 2025
EXEL$70.58-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net income | $521,267 | $207,765 | $182,282 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 28,803 | 25,717 | 20,875 |
| Impairment of long-lived assets | 64,391 | — | — |
| Stock-based compensation | 93,836 | 106,345 | 107,574 |
| Non-cash lease expense | 27,461 | 28,976 | 18,315 |
| Deferred taxes | (59,458) | (133,209) | (60,358) |
| Acquired in-process research and development technology | 50,750 | 128,500 | 107,250 |
| Other, net | (13,626) | (16,797) | (525) |
| Changes in operating assets and liabilities: | |||
| Trade receivable, net | (27,950) | (22,623) | 66,849 |
| Inventory | 5,453 | (12,977) | (11,683) |
| Prepaid expenses and other assets | 31,079 | (29,824) | (28,259) |
| Accrued collaboration liabilities | (149) | 1,345 | (63,065) |
| Accounts payable and other liabilities | (21,886) | 50,106 | 23,359 |
| Net cash provided by operating activities | 699,971 | 333,324 | 362,614 |
| Cash flows from investing activities: | |||
| Purchases of marketable securities | (927,905) | (902,468) | (1,450,716) |
| Proceeds from maturities and sales of marketable securities | 877,307 | 1,038,482 | 1,064,758 |
| Purchases of property, equipment and other, net | (28,435) | (40,469) | (27,706) |
| Acquired in-process research and development technology | (37,750) | (122,500) | (110,750) |
| Net cash used in investing activities | (116,783) | (26,955) | (524,414) |
| Cash flows from financing activities: | |||
| Payments for repurchases of common stock | (652,033) | (550,378) | — |
| Proceeds from issuance of common stock under the equity incentive plan and stock purchase plan | 61,850 | 33,448 | 23,886 |
| Taxes paid related to net share settlement of equity awards | (38,625) | (29,122) | (23,300) |
| Net cash provided by (used in) financing activities | (628,808) | (546,052) | 586 |
| Net decrease in cash and cash equivalents | (45,620) | (239,683) | (161,214) |
| Cash and cash equivalents at beginning of period | 262,994 | 502,677 | 663,891 |
| Cash and cash equivalents at end of period | $217,374 | $262,994 | $502,677 |
| Supplemental cash flow disclosures: | |||
| Cash paid for taxes | $170,482 | $185,658 | $127,870 |
| Non-cash operating activities: | |||
| Right-of-use assets obtained in exchange for lease obligations | $15,313 | $16,623 | $155,935 |
| Impairment of right-of-use assets | $59,735 | $— | $— |
| Non-cash investing activity: | |||
| Unpaid liabilities incurred for purchases of in-process research and development technology | $19,500 | $6,500 | $500 |
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